For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Trade Desk Inc (NASDAQ: TTD) was $136.36 for the day, down -2.26% from the previous closing price of $139.51. In other words, the price has decreased by -$2.26 from its previous closing price. On the day, 3.71 million shares were traded. TTD stock price reached its highest trading level at $139.03 during the session, while it also had its lowest trading level at $135.21.
Ratios:
Our analysis of TTD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 38.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 127.49. For the most recent quarter (mrq), Quick Ratio is recorded 1.85 and its Current Ratio is at 1.85. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Scotiabank on Dec-06-24, initiated with a Sector Perform rating and assigned the stock a target price of $133.
On November 25, 2024, New Street Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $85 to $115.
On October 29, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $150.Wells Fargo initiated its Overweight rating on October 29, 2024, with a $150 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 29 ’24 when Jacobson Samantha sold 22,062 shares for $128.25 per share. The transaction valued at 2,829,525 led to the insider holds 90,709 shares of the business.
SAMANTHA JACOBSON bought 22,062 shares of TTD for $2,829,541 on Nov 29 ’24. On Nov 18 ’24, another insider, Schenkein Laura, who serves as the Chief Financial Officer of the company, sold 3,131 shares for $117.97 each. As a result, the insider received 369,364 and left with 684,867 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TTD now has a Market Capitalization of 68858527744 and an Enterprise Value of 65865187328. As of this moment, Trade’s Price-to-Earnings (P/E) ratio for their current fiscal year is 221.47, and their Forward P/E ratio for the next fiscal year is 70.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 29.14 while its Price-to-Book (P/B) ratio in mrq is 25.63. Its current Enterprise Value per Revenue stands at 28.518 whereas that against EBITDA is 147.613.
Stock Price History:
Over the past 52 weeks, TTD has reached a high of $141.53, while it has fallen to a 52-week low of $61.47. The 50-Day Moving Average of the stock is 12.41%, while the 200-Day Moving Average is calculated to be 36.63%.
Shares Statistics:
TTD traded an average of 3.29M shares per day over the past three months and 4055980 shares per day over the past ten days. A total of 449.53M shares are outstanding, with a floating share count of 447.01M. Insiders hold about 9.43% of the company’s shares, while institutions hold 71.41% stake in the company. Shares short for TTD as of 1731628800 were 10387430 with a Short Ratio of 3.16, compared to 1728950400 on 11865590. Therefore, it implies a Short% of Shares Outstanding of 10387430 and a Short% of Float of 2.32.
